Testing updated GNMA reporting and feedback system
Ginnie Mae (GNMA) APM 23-05, APM 24-03, and Modernization Bulletin 39 announced implementation details on additional loan-level data elements required to be included in the Reporting and Feedback System (RFS) investor reporting process, effective September 1, 2024, for August 2024 activity. Testing Phase
The testing phase for RFS updates is from March 2024 to August 2024. Training materials and detailed information regarding testing procedures and implementation schedules are available on the Modernization Initiatives page on Ginnie Mae’s website . How to Participate in Testing
We are enhancing the GNMA RFS Issuers Monthly Reporting Export in Fusion Servicing Director to support the expanded data requirements.
We expect to have a “GNMA RFS BETA package” with the GNMA updates ready on 17th April 2024 for our clients who would like to test the updated RFS file. Create a case to request the GNMA RFS BETA package for testing and we will reach out to you with further instructions. Once installed, the updated RFS file can be generated by following your normal export file generation workflow.
Note: You do not need to create a new case if you have already raised a case to notify us of your interest in testing the GNMA updates. Testing Assistance
- For any additional information or questions related to the testing environment, document or tools available on the GNMA site, email askGinnieMae@hud.gov or call Ginnie Mae Customer Support at 1-833-466-2435.
- If you have questions or find issues with the data reported on the GNMA RFS Issuers Monthly Reporting Export file, create a case with details of the issue, and a copy of your GNMA RFS export
This Product Bulletin is posted to make you aware of the issue it describes so you can determine the steps or changes necessary to mitigate or avoid risk, ensure document compliance, or otherwise address the issue. This bulletin does not constitute legal advice. Any legal questions that your financial institution has should be directed to your compliance officer and legal counsel.
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